Not really an investment. I look at holiday houses as something I’ll buy once I’m financially free.

Wouldn’t this make investing easier i.e properties cheaper. If you view the asset class for what it is, namely a long-term investment, wouldn’t now be a great time to increase your portfolio? I try to do exactly the opposite of what the papers tell you, and to be quite honest it seems to work.

I often pay professionals to view my properties i,e builders, trusted agents, property managers etc.

As property goes out of favour they will become more prevalent. The key to finding them is to eliminate the internet all together and get in contact with agents in your chosen region. I invite real estate agents to lunch frequently to get their insights and secure deals.

Penrith is a good area, plenty of activity. Shopping centre is expanding and prices are relatively affordable. The other areas be wary in this market.

I performed my feasibility on the region with the tools I have at my disposal at work. I’d send it to you, but the guy who commissioned us to do it paid in excess of 10k so can’t release. If your doing small scale stuff it might be OK, maybe “Shit hole” was a little harsh. I actually personally didn’t mind the area.

Buyer Beware kit. Good buy

As a property guru, wouldn’t you be able to predict hotspots without the aid of residex or other tools?

hmmmm NZ. Lots of sheep, properties seem Ok there though.

The answer lies in white paint

I tried to invest in Vanuatu recently, however got shut down by the land council. The Chief owns all land and will only allow very few DAs. At the end of the day you don’t even own the land.

I think the two of them are pretty similar, basically useless…
I think the time has come for the government to support investors instead of flogging them. Property taxes, especially those seen in NSw are completely useless and serve only to fund the Government’s many short comings. I personally don’t think anyone should even run for government…[Read more]

That’s right, rental range is around $90 to $120 per week. I purchased the properties a while ago for around 30k each. They are not fantastic properties but they doprovide cashflow for other deals, shortfalls etc.

Anubis,

could you recommend an alternative i.e an area that all the newbies who ask “Where” to find positively geared property go start searching? Clearly noone ever answers the pleas of these people to isolate areas that may indeed show positive cashflow properties.

It can be rather time consuming. Do you own the entire block? If not you’ll have to convince the greater majority of people in your unit block.

What are you advertising? Do you want properties for these people?

If your investing for growth its not so good, however if you use it for cash flow to fund the shortfall in your growth properties it can be very useful. I own a couple of properties there which fund the shortfall of one of my waterfront properties. For newbies the area is very affordable and actually appears to be growing (according to an article…[Read more]

We were looking at a sight around there fairly recently. It failed our feasibility, hence I’d probably say its a shit hole. Depends on your scale though I guess. Have you developed before? How will your property be different to the 40,000 odd other houses that will flood that market.

I’ll pay that!

Really depends on your level of affordability. The best advise I could offer would be not to over extend yourself. Getting rich takes time, no matter who you are. Look at the current time in the market:
2 more years of flat
1 yr of slowish growth
1 yr of price growth (could be very high)
1 yr regulation